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Shekel Strength: Israel Is Rich, So Why Do We Give Them $8 Million A Day?

Tuesday, April 16, 2013

Shekel Strength: Israel Is Rich, So Why Do We Give Them $8 Million A Day?

by

Abby Zimet

Israel's economy is booming as never before, with newly discovered natural gas riches, almost full water independence, and a new Bloomberg study showing the shekel with the strongest rating of 31 major currencies tracked over the last six months. Given all this, several campaigns are asking a vital question more loudly than ever before: Why is a debt-ridden, sequester-suffering, grossly inequitable U.S., bolstered by an ever-greedy defense industry, giving $3 billion a year to a country smaller than West Virginia?

Update: For the first time, the Pentagon is seeking $220 million in "new money" for Israel's Iron Dome missile system. In other words, the U.S. is looking to spend more, not less, to "defend" Israel.

Further

Whew. That was way too close for comfort. And yeah, the country's in a sorry state to have come to this. But not only does Doug Jones become the first Democrat to win a Senate seat in Alabama in 25 years; his win is a blunt rejection of all the hate-mongering, gay-bashing, race-baiting, sexual-assaulting, serial lying crap of losers Moore and Trump and Bannon and their ugly ilk. Forward to mid-terms. And once and for all, to Moore in all his evil: "Fuck you and the horse you (badly) rode in on."